This comes in addition to the $5 billion each that Saudi Arabia and Qatar have promised to extend to Pakistan, just before the end-April deadline Pakistan has been set by UAE to repay a $3.5 billion debt.
The financial assistance from the Gulf allies comes as Pakistan is set to repay a $3.5 billion loan from the United Arab Emirates by the end of April, following a request for immediate settlement.
Amid attacks by Iran, Pakistani military force lands in Saudi Arabia as part of September deal that stated 'any aggression against either country shall be considered an aggression against both'.
Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia, still less than what traders anticipated.
Gulf nations have borne the brunt of Iran’s retaliation, using its inexpensive Shahed 136 drones, to US-Israel attacks. Ukraine has repelled such attacks from Russia for years.
The reported moves by Washington’s Gulf partners indicate growing frustration with Iran, which has responded to US-Israeli attacks by hitting targets in several nearby nations.
According to a report in Middle East Eye, the foreign ministers of the four countries held talks on the sidelines of the Riyadh summit of Islamic countries.
Around 6 million barrels of Saudi oil headed to Indian ports via the kingdom’s west coast, while Indian refiners ramp up Russian purchases amid a temporary US waiver.
The Saudi–UAE schism is not a passing disagreement. It reflects a deeper question confronting the Middle East: whether regional order will be shaped by states, or by networks.
Bloomberg, citing people familiar with the matter, said Ankara is looking to join defence alliance under which ‘any aggression’ against one country is considered an attack on all.
This special edition of Cut The Clutter, straight from the Siliguri corridor, details the strategic importance of the narrow strip of land in West Bengal, and how it’s a vital link connecting the Northeast to the rest of India.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
Trying to modernize Islam with ban on changes in Quran & its interpretations means playing with fire.
Saudis must start debate councils on Quran for modern interpretations.